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Global Electric Vehicle Battery Market 2020-2024 The analyst has been monitoring the electric vehicle battery market and it is poised to grow by $ 44. 24 bn during 2020-2024 progressing at a CAGR of 22% during the forecast period.
New York, April 20, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Electric Vehicle (EV) Battery Market 2020-2024” – https://www.reportlinker.com/p05749188/?utm_source=GNW
Our reports on electric vehicle battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the high cost of batteries used in EVs, decreasing prices of lithium-ion battery boost adoption of electric vehicles (EVs), and BTMS integrated with TMS of other electric drive components. In addition, high cost of batteries used in EVs is anticipated to boost the growth of the market as well.
The electric vehicle battery market analysis includes battery type segments and geographic landscapes
The electric vehicle battery market is segmented as below:
By Battery Type
• Lithium-ion battery
• Lead-acid battery
By Geographic Landscape
• North America
• South America
This study identifies the vertical integration by EV OEMs as one of the prime reasons driving the electric vehicle battery market growth during the next few years.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our electric vehicle battery market covers the following areas:
• Electric vehicle battery market sizing
• Electric vehicle battery market forecast
• Electric vehicle battery market industry analysis